Two proponents 'very willing' to pursue NAIA rehab project, says DOF


Posted at Jul 08 2020 03:35 PM

MANILA - There are two other proponents who are "very willing" to replace the super consortium for the Ninoy Aquino International Airport (NAIA) Rehabilitation project, Finance Secretary Carlos Dominguez III said Wednesday.

The Department of Transportation is in talks with two more potential proponents after the super consortium, made up of the country's largest conglomerates, said they cannot push through with it, Dominguez said in a press briefing.

"I got a copy of the letter of the NAIA consortium saying the current economic situation is such that they are not confident they can finance the project, that they cannot together push through with it," Dominguez said.

"We have 2 other proponents who are very willing to step into the shoes of the consortium...We are not worried about it. We believe these other two proponents are willing to step up to the plate here," Dominguez said.

Consortium members JG Summit, LT Group, Filinvest Development Corp, Alliance Global Group Inc, Ayala Corp and Aboitiz Equity Ventures on Tuesday said the government was "not willing to accept" its revised proposal for the project.

Metro Pacific Investment Corp earlier informed the other members of its "intent to withdraw" from the project.